Award: 62.25 out of 75.00 points Music Teachers, Inc, is an educational association for music teachers that has 20,000 members. The association operates from a central headquarters but has local membership chapters throughout the United States. Monthly meetings are held by the local chapters to discuss recent developments on topics of interest to music teachers. The association's journal, Teachers' Forum, is issued monthly with features about recent developments in the field. The association publishes books and reports and also sponsors professional courses that qualitfy for continuing professional education credit. The association's statement of revenues and expenses for the current year is presented below Music Teachers, Inc. Statement of Revenues and Expenses For the Year Ended November 30 Revenues $3,353,700 Expenses: Salaries 978,000 244,500 282,000 600,000 560,000 358,000 179,000 72,000 32,000 Personnel costs of member costs to local chapters Other membership services Printing and paper Postage and shipping Instructors' fees General and administrative Total expenses Excess of revenues over expenses 3.305,500 $ 48.200 The board of directors of Music Teachers, Inc has requested that a segmented income statement be prepared showing the contribution of each segment to the association. The association has four segments lembership Division, Magazine Subscriptions Division, Books and Reports Division, and Continuing Education Division Mike Doyle has been assigned responsibility for preparing the segmented income ered the following data prior to its preparation DOLL
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